A purchasing agent for a company could accept a Rolex from a supplier so long as there is no bid pending
Indicate whether the statement is true or false
FALSE
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Long-term assets are $800, current liabilities are $500, and long-term liabilities are $600 . If the current ratio is 2.5 to 1, then current assets are
a. $200 b. $625 c. $1,250 d. $2,000
In the marketing chain, the wholesaler is before the retailer
Indicate whether the statement is true or false
A company's financial records at the end of the year included the following amounts:Cash$70,000Accounts Receivable28,000Supplies4,000Accounts Payable10,000Notes Payable5,000Retained Earnings, beginning of year17,000Common Stock40,000Service Revenue53,000Wages Expense8,000Advertising Expense5,000Rent Expense10,000What is the amount of net income on the income statement for the year?
A. $88,000 B. $30,000 C. $47,000 D. $38,000
If Selman & Saks allowed a French company to produce and market razors and trimmers carrying the company's brand in exchange for a royalty, Selman & Saks would be using which market entry strategy?
A) exporting B) franchising C) licensing D) contract manufacturing E) joint ownership